RATE Group | Incognito Launches Anonymous Way to Swap Monero With Bitcoin & Co
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Incognito Launches Anonymous Way to Swap Monero With Bitcoin & Co

25 Feb Incognito Launches Anonymous Way to Swap Monero With Bitcoin & Co

Posted at 14:51h in Bitcoin News by

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Incognito Launches Anonymous Way to Swap Monero With Bitcoin & Co 101
Source: iStock/leminuit

Decentralized exchange Incognito added Monero (XMR) to its privacy-centered decentralized exchange (pDEX) for fully private Bitcoin or Ethereum swaps – no transaction records or any personal info saved.

Monero itself is already a decentralized and privacy-oriented cryptocurrency. What Incognito has done is create “a bridge” between the Monero network and Incognito’s pDEX in order to buy and sell Monero anonymously, writes Andrey Bugaevski, growth lead at Incognito. The pDEX supports cross-chain trading, so that Monero can be swapped with “hundreds of other assets,” including BTC, ETH, USDT, DAI, USDC, BNB, ZIL, and all ERC20 and BEP2 tokens.

Furthermore, unlike the exchanges that require KYC (know your customer) and other potentially privacy-compromising measures, Bugaevski says that this pDex, built on top of the Incognito chain, includes no KYC, records of buyers, sellers or transaction amounts, and no third-party involvement. “You control your money…

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